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Aurelius SE & Co. KGaA
M&A Activity • Nov 3, 2016
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M&A Activity
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Corporate | 3 November 2016 07:30
Plastipak Packaging Inc. acquires AURELIUS subsidiary Evolve Polymers
DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA / Key word(s): Disposal
2016-11-03 / 07:30
The issuer is solely responsible for the content of this announcement.
Plastipak Packaging Inc. acquires AURELIUS subsidiary Evolve Polymers
– British firm sold to strategic US acquirer Plastipak
– UK polymer activities concentrated in Regain Polymers subsidiary
Munich / London, November 3, 2016 – AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8) is selling its Evolve Polymers subsidiary based in Hemswell, UK, to Plastipak Packaging, Inc. Operating out of Plymouth, USA, the Plastipak Group is a leading global producer of packaging, manufacturing products out of PET and HDPE in several state-of-the-art facilities in Europe, the United States, South America, and Asia. Plastipak also operates in the virgin and recycled resin segments in Europe and the US. The two parties have agreed not to reveal the financial details of the transaction.
The AURELIUS Group is to concentrate all its activities in the field of plastic recycling at its Regain Polymers subsidiary based in Allerton Bywater, UK, going forward. Regain Polymers specializes in the development and production of innovative structural components made from recycled plastic waste. Both the demand for resilient materials that can be used to replace timber in railroad construction, road construction and shipbuilding and the volume of recyclable plastics are growing constantly. Regain is set to profit from this trend over the long run.
ABOUT AURELIUS
AURELIUS Group is a pan-European asset manager with offices in Munich, London, Stockholm and Madrid. Over the last ten years AURELIUS has grown from a local turnaround investor to an international multi-asset manager investing in a wide range of sectors and across the capital structure.
AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8, Ticker Symbol: AR4) represents the listed entity within the AURELIUS Group that focusses on investing in Special Situations and MidMarket transaction opportunities. AURELIUS Equity Opportunities currently has 23 portfolio companies located across Europe which employ around 23,000 people and generate annual revenues of approximately EUR3.0 billion. The shares of AURELIUS Equity Opportunities are traded on all German stock exchanges with a market capitalisation of c. EUR1.7 billion as of October 2016.
With its group charity AURELIUS Refugee Initiative, AURELIUS provides comprehensive support for refugees on their way towards a better life.
To find out more, visit www.aureliusinvest.com
CONTACT
AURELIUS Group
Anke Banaschewski
Investor Relations & Corporate Communications
Phone: +49 (89) 544799-0
Fax: +49 (89) 544799-55
E-Mail: [email protected]
2016-11-03 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | AURELIUS Equity Opportunities SE & Co. KGaA |
| Ludwig-Ganghofer-Straße 6 | |
| 82031 Grünwald | |
| Germany | |
| Phone: | +49 (0)89 544 799-0 |
| Fax: | +49 (0)89 544 799-55 |
| E-mail: | [email protected] |
| Internet: | www.aureliusinvest.de |
| ISIN: | DE000A0JK2A8 |
| WKN: | A0JK2A |
| Listed: | Regulated Unofficial Market in Berlin, Munich, Stuttgart, Tradegate Exchange; Open Market in Frankfurt |
| End of News | DGAP News Service |